A National Commission order held that the buyer was the borrower and so the bank was entitled to demand the EMI payments from him.
Even as sectors across India embrace technological transformation, the construction side of the real estate industry continues to trail global trends. While technologies like Building Information Modelling (BIM), 3D printing, drone surveillance, and IoT-enabled smart building systems are increasingly common overseas, their adoption in Indian construction remains limited and largely experimental, developers said.
In the past 10 years, over 500 PSB officers have died by suicide. When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.
'The Election Commission's involvement in the avoidable SIR controversy has carried a message down to the last voter -- who just does not like it,' observes N Sathiya Moorthy.
'Nitish Kumar is our CM today and he will be CM going forward also. Nitish Kumar will continue as CM till he wishes.'
'Investors who remain calm, consistent, and disciplined through short-term volatility are usually the ones who benefit most in the long run.'
There is need for buyers to understand cancellation rules before entering into a purchase agreement with a developer.
The National Commission condemned the builder for creating third-party rights during litigation, thereby depriving the buyer of a permanent roof over his head, points out Jehangir B Gai.
In a major initiative, Pakistan has announced the establishment of its first government-backed Strategic Bitcoin reserve as it invited investment in the country's crypto markets.
These are 'hidden champions' of strategic research and innovation. They are worthy of emulation within Indian industry, and maybe even a Padma!, notes R Gopalakrishnan.
The move is to align affordable housing finance flows to the increase in property costs and inflation, says Raghu Mohan.
The message from Sunday's event will undoubtedly reverberate globally. It's a landmark occasion that will be remembered for generations and will inspire many other states to introduce the story of Rajendra Chola into school curricula, says Tarun Vijay.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Sunita and Ashutosh Gowarikar's son Konark wed Niyati Kanakia on March 2 in Mumbai.
The police claim businessman Ashok Sao paid Umesh Yadav Rs 400,000 to kill Gopal Khemka last Friday.
'We have been following the micro-change philosophy, where every six weeks we implement these AI features into our internal systems, products, platforms and then release it to our employees.'
'Every delay directly increases the cost burden on developers. Land holding charges, financing costs, and compliance expenses escalate as approvals drag on.'
BJP leaders in Maharashtra criticized Uddhav and Raj Thackeray's joint rally in Mumbai, calling it a desperate attempt to revive their political fortunes ahead of civic polls. They accused the Thackerays of using the Marathi language issue as a guise to regain power and criticized their past actions.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Chandragupta Maurya was the first king to establish an empire in India. He died a monk.
India's bid to host the 2036 Olympics is not merely an attempt to make a statement internationally but also a well thought out plan to create world-class infrastructure, said Minister of State for Sports Raksha Khadse.
Maharashtra Deputy Chief Minister Eknath Shinde on Monday attributed early arrival of the southwest monsoon and heavy rainfall in a short span for the inundation of low-lying areas in Mumbai, which disrupted road and railway traffic.
'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'
'...hesitate to support the risk-taking it requires.'
Jayant Narlikar wrote alternative what-if histories, explained difficult scientific theories with funny analogies, and leavened his lectures with jokes and humorous asides.
Section 19(4) of the RERA Act entitles allottees to a refund if the developer doesn't comply with the terms of the sale agreement.
Two Maharashtra Police officers are facing dismissal for alleged negligence in the investigation of a fatal Porsche crash in Pune last year. The officers were suspended for their late reporting of the incident and dereliction of duty, and an internal inquiry revealed lapses in the case registration and blood sample collection. The case involves a drunk minor driver who killed two tech professionals, and there was an attempt to swap blood samples to conceal the driver's intoxication.
Nana Jagannath Shankerseth is one of the greats who made Bombay India's foremost city.
The Enforcement Directorate (ED) has earmarked assets worth about Rs 15,000 crore that will be restored to victims of real estate, Ponzi and other frauds across India during the current financial year. The agency has been "aggressively" initiating this provision for restitution since last year to ensure rightful claimants duped by financial crime get their dues. The ED has already restored Rs 31,951 crore worth of assets under this provision, including Rs 15,201.65 crore from 2019-21 in cases related to Vijay Mallya, Nirav Modi and the National Spot Exchange Limited (NSEL). The ED Director has issued directions to all regions to actively work on cases marked for restitution of assets worth Rs 15,000 crore during the financial year 2025-26.
President Droupadi Murmu has approved the registration of an FIR against AAP leaders Manish Sisodia and Satyendar Jain in an alleged scam of Rs 2,000 crore in the construction of classrooms in Delhi government schools. The alleged scam involves the construction of around 12,748 classrooms at an inflated cost, according to a report by the Anti-Corruption Bureau (ACB) of the Delhi government. The ACB report alleged that the classrooms were constructed at a rate of Rs 8,800 per square feet, whereas the average construction cost was around Rs 1,500 per square feet. The President's approval came under Section 17A of the Prevention of Corruption Act.
The maiden Africa India Key Maritime Engagement exercise will be held from April 13 to 18 off the coast of Dar es Salaam, Tanzania.
The CBI has been carrying out searches at various locations for the past few days to locate assets acquired from the proceeds of the scam, officials said.
Congress president Mallikarjun Kharge accused the BJP-RSS of carrying out a "well-planned conspiracy" against national heroes and said that Sardar Vallabhbhai Patel's ideology was contrary to the RSS' ideas. He defended the relationship between Sardar Patel and Jawaharlal Nehru, saying they were "two sides of the same coin". He also criticized the BJP-RSS for their alleged attempts to appropriate the legacy of Mahatma Gandhi and Sardar Patel.
Two Elon Musk from November 2024 surfaced online over the weekend in which he can be seen criticising the US' F-35 fighter aircraft which President Donald J Trump offered to sell India during Prime Minister Narendra D Modi's visit to the White House on Thursday.
The law does not permit a builder to handover possession under any situation, not even for 'fitout' unless the building completion certificate is obtained, points out Jehangir B Gai.
On the video posted on X MNS members can be seen slapping the shopkeeper, warning him to not disrespect Marathi.
Around 58 per cent of developers expect housing prices to increase this year because of rise in input costs, while 32 per cent builders feel it will remain stable, according to a survey. According to the 'Real Estate Developers Sentiment Survey', by Realtors apex body CREDAI, real estate consultant Colliers India and property research firm Liases Foras, 43 per cent of developers expect residential demand to remain stable in 2023, while 31 per cent feel the demand would increase up to 25 per cent. As many as 341 real estate developers from various parts of the country participated in the joint survey conducted during the last two months.
Well known real estate developer Paras Porwal allegedly committed suicide by jumping from the 23rd floor of a building in Mumbai on Thursday, a police official said.
Hailed as the architect of India's economic reforms, former prime minister Manmohan Singh in one his last interviews had said in 2019 that the country's economy was 'over-regulated', the government exerted control and interferences were aplenty with even regulators having 'morphed into controllers'.
Union Finance Minister Nirmala Sitharaman on Saturday announced a fresh Rs 15,000 crore 'SWAMIH Fund' for completion of 1 lakh units in stalled housing projects across various cities, a move aimed at providing relief to distressed homebuyers whose investments are stuck. In November 2019, the Centre announced a stress fund named 'Special Window for Affordable and Mid-Income Housing' (SWAMIH), to complete stalled housing projects across India.
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